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Sovereign is the overarching constraint on banks ratings: report – The Island

Weak operating environment continues to pressure Sri Lankan Bank ratings and the Sovereign is the overarching constraint on the large banks’ ratings due to the banks’ high Sovereign exposure and Sri Lanka-centric operations, a new report by Fitch says. “Heightened risks from the challenging operating environment stemming from the Sri Lanka sovereign’s (CCC) weak credit […]

Sri Lanka s Exterminators to franchise globally – The Island

The Exterminators (Pvt) Ltd, Sri Lanka’s premier environmental enhancement solutions provider announced that the company would franchise its specialized services nationally and internationally. Exterminators is one of the pioneers in COVID-19 disinfection & sanitation services in the world. According to the Company, it is probably the World’s 1st ISO 9001, ISO 14001, ISO 45001, ISO […]

Ideal Motors donates Mahindra Ambulance to fight against Covid-19

As part of its wide-ranging, empathetic response to the Covid-19 crisis, Ideal Motors (Pvt) Ltd has donated a Mahindra Ambulance valued at approximately Rs. Ten million to the Madura Vithana Foundation on 5th September 2021. The fully-equipped ambulance was handed over by Nalin Welgama, the Founder and Chairman of the Ideal Group to Member of […]

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